MLT Funds definition

MLT Funds. An amount equal to or in excess of 25% of MLT Funds disbursed hereunder and expended by Recipient during the year in accordance with ORS 409.295(2); CFA/DV Funds: An amount equal to or in excess of 25% of the CFA/DV Funds disbursed hereunder and expended by Recipient during each quarter of the fiscal year in accordance with ORS 409.295(2); and FVSPA Funds: During each federal fiscal year (ending September 30) or portion thereof from the effective date of this Agreement through the Availability Termination Date, an amount equal to or in excess of 20% of FVSPA Funds disbursed hereunder and expended by Recipient during each quarter of the fiscal year in accordance with 42 USC 10402(f). The matching resources required to be expended on, or utilized in, implementation of the Program by this section may be in the form of cash derived from other sources or in-kind donations or contributions of property or services, including but not limited to volunteer hours, or any combination of the foregoing whose value equals or exceeds the minimum requirements.
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Examples of MLT Funds in a sentence

  • There are sufficient moneys in the CFA/DV Fund; CFA/SA Fund; MLT Funds; and FVPSA accounts, to allow DHS, in the exercise of its reasonable administrative discretion, to make the disbursement.

  • There are sufficient moneys in the CFAA/DV Fund; CFAA/SA Fund; MLT Funds; and FVPSA Funds, to allow DHS in the exercise of its reasonable administrative discretion, to make the disbursement.

Related to MLT Funds

  • Fresh Funds means funds that:

  • Unspent Funds means the amount reported as unspent by the Recipient as of December 31, 2023 in the Recipient’s 2023 Annual Report (as defined under the Prior Agreement).

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.